Welcome to our dedicated page for Fox Factory Hldg news (Ticker: FOXF), a resource for investors and traders seeking the latest updates and insights on Fox Factory Hldg stock.
Fox Factory Holding Corp. (NASDAQ: FOXF) is frequently in the news for its financial performance, product launches, and capital structure developments. The company describes itself as a premium brand and a global leader in the design, engineering and manufacturing of products that deliver championship-level performance for specialty sports and on- and off-road vehicles. Its disclosures highlight a portfolio of brands that includes FOX, Marucci, and Method Race Wheels, and a role as a direct supplier of shocks, suspension, and components to leading powered vehicle and bicycle OEMs, as well as a provider of premium baseball and softball gear and equipment.
News coverage on this page typically includes quarterly and annual earnings releases, where Fox Factory reports net sales, segment performance for its Specialty Sports Group (SSG), Aftermarket Applications Group (AAG), and Powered Vehicles Group (PVG), gross margin trends, operating expenses, and net income or loss. These releases also describe non-GAAP measures such as adjusted EBITDA, adjusted earnings per diluted share, and free cash flow, along with management commentary on tariffs, interest rates, and demand conditions in its end markets.
Investors can also expect product and technology announcements, such as the introduction of FOX Live Valve aftermarket kits for trucks and Jeeps. In that context, the company has detailed how Live Valve uses an Inertial Measurement Unit, electronic solenoids, computing hardware, and proprietary Live IQ software to sense vehicle dynamics and adjust damping at each wheel, with driver control via an in-cabin mode selector and the FOX Connect App.
In addition, the news feed may feature capital markets and financing updates, including references to amendments to the company’s credit agreement, as well as notices of upcoming earnings conference calls and webcasts. For anyone tracking FOXF, this page provides a centralized view of the company’s official press releases and related updates over time.
Fox Factory Holding Corp. (NASDAQ: FOXF) announced the retirement of Larry L. Enterline as Executive Chair of the Board, effective April 2, 2021. Enterline, a key figure for nearly a decade, was succeeded by Dudley Mendenhall, the current Lead Independent Director. Under Enterline's leadership, FOX's revenue soared from $272.7 million in 2013 to $619.2 million in 2018. CEO Mike Dennison expressed gratitude for Enterline’s mentorship and highlighted the company’s goal of surpassing $1 billion in revenue. The changes aim to strengthen leadership while pursuing strategic growth.
Fox Factory Holding Corp. (Nasdaq: FOXF) will present at the BofA Consumer and Retail Technology Conference 2021 on March 9, 2021. The company specializes in designing and manufacturing ride dynamics products for various vehicles, including bicycles, trucks, and all-terrain vehicles. As a direct supplier to leading OEMs, FOXF plays a crucial role in the performance of powered vehicles and offers aftermarket products to retailers and distributors.
Fox Factory Holding Corp. (Nasdaq: FOXF) will announce its fourth quarter and fiscal year results for 2020 on February 25, 2021, post-market close. A conference call will be held at 4:30 p.m. ET the same day for management to discuss the results in detail. The call will be accessible online and archived for one year. Fox Factory designs and manufactures ride dynamics products for various vehicles and supplies both OEMs and the aftermarket, showcasing its position in the performance products industry.
Fox Factory Holding Corp. (NASDAQ: FOXF) announced the appointment of Sidney Johnson to its Board of Directors, effective January 2, 2021. Johnson brings over 25 years of experience in operational excellence and global supply chain management, previously serving at Harman International and Delphi. CEO Mike Dennison expressed confidence in Johnson’s ability to provide strategic guidance as the company aims to exceed $1 billion in revenue in 2021. Johnson's expertise is expected to enhance FOX's manufacturing and procurement processes.
Fox Factory Holding Corp. (NASDAQ: FOXF) reported record third quarter sales of $260.7 million, a 23.4% increase year-over-year. Gross margin rose 130 basis points to 34.3%, with net income of $38 million, or $0.90 per diluted share. Adjusted earnings per diluted share reached $1.07. The company reinitiated fiscal 2020 guidance, expecting sales between $868.2 million to $878.2 million and adjusted earnings per share between $2.84 and $2.92. This performance reflects strong demand, particularly in the Specialty Sports Group, which saw 32% revenue growth.
Fox Factory Holding Corp. (Nasdaq: FOXF) is set to announce its third-quarter earnings results for the period ending on October 2, 2020, on November 10, 2020, after market close. The company will host a conference call at 4:30 p.m. ET on the same day to discuss these results. Interested parties can access the call live via the Investor Relations section of the company's website. Fox Factory specializes in designing and manufacturing ride dynamics products for various vehicles, including bicycles and trucks, and serves leading OEMs in the powered vehicle sector.
Fox Factory Holding Corp. (Nasdaq: FOXF) appointed Scott Humphrey as Chief Financial Officer (CFO) effective August 4, 2020, succeeding interim CFO John Blocher who returns to Senior Vice-President of Finance. CEO Mike Dennison praised Humphrey for his strategic skills, essential for the company’s growth. With over 20 years of experience, including CFO roles at Hibbett Sports and Ciner Resources, Humphrey brings expertise in finance, operations management, and mergers. Fox Factory specializes in ride dynamics products for various vehicles, serving OEMs and aftermarket retailers.
Fox Factory Holding Corp. (NASDAQ: FOXF) reported second quarter sales of $183.1 million, a 4.7% decrease from last year. Gross margin rose to 32.8%, up 40 basis points. The company faced net income drop to $12.6 million or $0.32 per diluted share, a significant drop from $22.9 million or $0.59 in Q2 2019. Adjusted earnings per diluted share were $0.50. Notably, Specialty Sports Group sales grew by 10.0%, while Powered Vehicles Group declined 14.5% due to COVID-19 impacts. Full fiscal 2020 guidance remains suspended amid ongoing market conditions.
Fox Factory Holding Corp. (Nasdaq: FOXF) will announce its second-quarter results for the period ended July 3, 2020, on August 5, 2020, after market close. A conference call with executives will follow at 4:30 p.m. ET to discuss the results. Investors can access the call live online or via phone. FOX specializes in designing and manufacturing performance-defining ride dynamics products for various vehicles, including bicycles and trucks, and serves leading OEMs and aftermarket retailers.
Fox Factory Holding Corp. (NASDAQ: FOXF) has priced its public offering of 2,400,000 shares at $76.00 per share, raising gross proceeds of $182.4 million. This offering size was increased from the previously announced 2,000,000 shares. The company has also provided underwriters with a 30-day option to purchase an additional 360,000 shares. The offering is set to close around June 22, 2020, subject to standard closing conditions. BofA Securities leads the underwriting team involving multiple other firms. The offering is made under an effective shelf registration statement with the SEC.